He believes falling GDPs (gross domestic product) in the economies of the US and European countries is now a major concern for the chip industry.
“Everyone has been worried for the last three to four months,” Beyer, told Electronics Weekly.
“We are in a normal downturn, a demand driven downturn,” said Beyer.
“Looking ahead to the fourth quarter, we expect the weakness in the semiconductor market to continue to negatively impact our business,” said Beyer.